English low-cost airline and tour operator based in Leeds
Air-traffic disruptions across Scotland, Northern Ireland and northern England continue after a Prestwick fault; engineers are working to restore normal operations. Airlines and passengers face delays and cancellations, with renewed calls for resilience and accountability.
Apollo has won the bid to take EasyJet private at 715p a share, valuing the carrier at about $7.7 billion. Castlelake has withdrawn, clearing Apollo to move forward. The deal is expected to complete by Q1 2027, with Stelios Haji-Ioannou and family retaining shares. Shareholders face a vote and delisting of EasyJet.
UK air travel stayed resilient in the second quarter, with total passenger numbers surpassing last year’s record. Data from the Civil Aviation Authority shows 81 million travellers and 120,000 more movements, while destinations in Europe and Asia saw mixed gains and cuts amid regional tensions.
Gatwick Airport reports half-year pre-tax profits of £136.5 million, down 18% on the prior year as passenger numbers dip amid Middle East conflict and fuel concerns. Long-haul travel falls while short-haul remains pressured; expansion plans for a second runway move forward after a Court of Appeal ruling.
Global government bond yields have risen to multi‑decade highs this week after renewed US–Iran fighting pushed oil toward $90–$97 a barrel and revived inflation fears. Governments from the UK to the US and Japan have paid higher borrowing costs; central banks are signalling tighter policy and markets are pricing more rate rises, lifting mortgage and corporate loan rates.